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NYMEX RBOB (K19) Bears Target 200-DMA.....>

OIL TECHS
OIL TECHS: NYMEX RBOB (K19) Bears Target 200-DMA
*RES 4: $2.0631 - High Oct 31 
*RES 3: $2.0202 - Low Aug 16 
*RES 2: $2.0055 - 61.8% of Oct-Dec Decline/channel top 
*RES 1: $1.9558 - High Apr 4
*PRICE: $1.9284 @ 04:10 GMT Apr 5 
*SUP 1: $1.9102 - 200-dma 
*SUP 2: $1.8147/8136 - Low Mar 28/March 15 
*SUP 3: $1.7940 - High Feb 22 
*SUP 4: $1.7736 - 50-dma 
RBOB futures have eased back from ytd highs with bears now looking for a break
back below the 200-dma at $1.9102 to suggest a deeper correction. Below here
would open the March 28/March 15 low at $1.8147/36 ahead of the Feb 22 high at
$1.7940. To reignite upside momentum bulls look to overcome yesterday's high at
$1.9558 to open the 61.8% retracement level at $2.0055 and trend channel
resistance.

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